42,699 Shares in Crane NXT, Co. (NYSE:CXT) Bought by Jump Financial LLC

Jump Financial LLC bought a new position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 42,699 shares of the company's stock, valued at approximately $2,428,000. Jump Financial LLC owned about 0.08% of Crane NXT as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CXT. Commonwealth Equity Services LLC purchased a new stake in shares of Crane NXT during the third quarter worth approximately $360,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Crane NXT in the 3rd quarter valued at about $223,000. Raymond James & Associates acquired a new position in shares of Crane NXT in the 3rd quarter valued at about $4,907,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Crane NXT in the 3rd quarter valued at about $871,000. Finally, Bank of New York Mellon Corp acquired a new position in Crane NXT during the 3rd quarter worth approximately $29,235,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CXT shares. DA Davidson upped their price objective on Crane NXT from $80.00 to $100.00 and gave the company a "buy" rating in a report on Monday, March 18th. Northland Securities began coverage on Crane NXT in a research report on Monday, April 8th. They set an "outperform" rating and a $91.00 price target on the stock.

Crane NXT Stock Performance

Shares of Crane NXT stock traded up $0.33 on Monday, hitting $60.57. The stock had a trading volume of 410,635 shares, compared to its average volume of 332,561. Crane NXT, Co. has a twelve month low of $48.42 and a twelve month high of $63.89. The business's 50 day moving average is $60.84 and its two-hundred day moving average is $57.35. The company has a quick ratio of 1.56, a current ratio of 2.12 and a debt-to-equity ratio of 0.66. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 19.00 and a beta of 1.36.

Crane NXT (NYSE:CXT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). The business had revenue of $313.60 million for the quarter, compared to analyst estimates of $311.72 million. Crane NXT had a return on equity of 25.50% and a net margin of 13.26%. The business's revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 earnings per share. Analysts forecast that Crane NXT, Co. will post 4.29 EPS for the current year.

Crane NXT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 31st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, May 31st. Crane NXT's dividend payout ratio (DPR) is currently 20.19%.

About Crane NXT

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers' important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.